Evaluating the Welfare Effects of Biodiversity on Private Lands: A Choice Modelling Application

Richard Tolentino Yao () and Pamela Kaval

Working Papers in Economics from University of Waikato, Department of Economics

Abstract: Biodiversity loss is a global problem, especially in reference to private lands. In response, we investigated whether private land biodiversity may be attained by developing incentives which include funding landholders through the provision of native trees to enhance biodiversity on their own properties. Using choice modelling, we tested this hypothesis. A typical respondent was found to be better off, in terms of welfare, if there was a biodiversity enhancing scheme in their locality. We also found that respondents in the upper northern regions of New Zealand were relatively more receptive in supporting biodiversity enhancement programmes on their properties, compared to those residing in the southern regions of the country.

Keywords: native biodiversity; New Zealand; choice modelling; community volunteers (search for similar items in EconPapers)
JEL-codes: Q57 Q2 Q25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-env
Date: 2009-03-31
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Persistent link: http://EconPapers.repec.org/RePEc:wai:econwp:09/04

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